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1 answer below Â». Acme Corporation (a U.S. company located in Sarasota, Florida) has the following import/export. transactions in 2015: March 1 Bought inventory costing 50,000 pesos on credit. May 1 Sold 60 percent of the inventory for 45,000 pesos on credit. August 1 Collected 40,000 pesos from customers.
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